Different people will have different ideas for the business that they would want to start up. The amount of planning and preparing that you have to do will depend on the type of business that you would want to start up. Regardless of what it is you will need some basic understanding of how to start a business and such. If you need some help with this do some research online or ask someone that you trust for some advice. Once you have crossed that hurdle you have to get into the more detailed planning. Now in that initial step you would have to of course have a basic business model and such. You can work on the basic model as you go on to make a proper comprehensive business plan.
Now starting a business in production is not easy, especially if you are looking to be one of the EMS providers that are out there. There are a lot of factors that one must consider when getting into this business. Word of advice don’t try to aim for big projects at the very start. You will most likely not be able to do the task properly as you lack the necessary equipment, experience or both. You need to make a good name for yourself if you plan on expanding your business later on. So make sure to not take on more than you can handle. It would better to see if you can partner up with a larger company and do some of the side work for them. Don’t try to stick to one though get to know a few of them.
By doing such small projects you will get the necessary experience as well as slowly start making a name for yourself in the business. On that same note don’t waste money on expensive machinery that you don’t need at the beginning. Only buy stuff that you think will be essential for you. Then as you progress based on your needs and availability of funds invest in better and larger machinery. It is pointless having a big machine and not using it. At the beginning it is not likely you will get a lot of jobs that will make use of these machines and thus their value will just depreciate over time. You need to market your business properly as well. Don’t worry about the name and such too much. For an example some people use names as simple as “elektronikproduktion”.
As long as it is catchy and relates to the work you do it is fine. It doesn’t have to be some grand name with pcb assembly in China at Whitways Enterprises Limited. You should spend more time on raising the skill levels of yourself and your workers. In this business the best way to market yourself is to do the best job you can. You need to gain a reputation for being able to finish a job on time along with all the products or components you produce being of excellent quality. At the end of the day you will realize that as your reputation grows so will your list of clients. So work on building up that reputation. These are but a few basic tips. Do some more proper research before you get into this business. Research is the key.